phelas secured $4.5 million in a seed funding round led by E44 Ventures to develop its Aurora long-duration energy storage technology.
Amount Raised
$4.5 Million
Round Type
Seed
MunichEnergyRenewable EnergyBiomass EnergyInvestors
Description
phelas, a provider of long-duration energy storage solutions, secured €4.1 million (~$4.5 million) in a seed funding round led by E44 Ventures, an Israel-leading climate tech fund. It also saw participation from Axon Partners Group, Deutsche Telekom Hubraum Fund, BNV Partners, other investors, and existing angel investors.
Quick answer
phelas raised $4.5 Million in a Seed round, dated March 13, 2024. Investors: BNV Partners, Deutsche Telekom Hubraum Fund, Axon Partners Group and E44 Ventures. phelas is based in Munich, Bavaria, Germany.
- How much did phelas raise?
- phelas raised $4.5 Million in a Seed round on March 13, 2024.
- Who invested in phelas?
- BNV Partners, Deutsche Telekom Hubraum Fund, Axon Partners Group and E44 Ventures are named as investors in this round.
- What does phelas do?
- phelas develops the solution for the energy transition: An electricity storage system that is modular, mass-produced, cost-effective and safe.
- Where is phelas based and how big is it?
- phelas is based in Munich, Bavaria, Germany.
- Who are the decision-makers at phelas?
- Fundz holds 1 contact at phelas. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as phelas that raised within 45 days of this round, from Fundz verified event records.
- Exowatt raised $20M (Seed) on April 22, 2024.
- Found Energy raised $12M (Seed) on April 18, 2024.
- ReNew Sun Bright Private Limited raised $3.2M (Seed) on April 11, 2024.
- Polar Night Energy raised $8.2M (Seed) on April 4, 2024.
- Lightyears Solar raised $6M (Funding Round) on March 26, 2024.
- MyGug raised $973K (Seed) on March 25, 2024.
Who to call at phelas, and when
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- An alert the day phelas raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at phelas, from your own LinkedIn network
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Related People
phelas raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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